ROTH STEVEN 4
4 · VORNADO REALTY TRUST · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Vornado (VNO) CEO Steven Roth Gifts 26,428 Shares
What Happened
Steven Roth, Chairman and CEO of Vornado Realty Trust, disposed of 26,428 common shares on May 18, 2026 via a gift (transaction code G). The filing reports the shares at $0.00 per share (total reported value $0) because the transfer was a gift to a family trust rather than a market sale.
Key Details
- Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (appears timely).
- Transaction type: Gift (G); 26,428 Common Shares transferred; reported price $0.00; disposition.
- Background: These shares were part of a grantor retained annuity trust originally funded May 16, 2024 with 122,858 shares. Upon termination on May 18, 2026, 26,428 shares were transferred to a family trust and 96,430 were distributed to Mr. Roth and subsequently contributed to other entities reported as indirectly owned. (See footnotes F2–F3.)
- Reported holdings/related entities: the filing notes large indirect holdings remain, including 3,519,032 shares held by Interstate Properties (Mr. Roth is managing general partner) (F4), shares held by a limited liability company managed by Mr. Roth (F5), shares held by his spouse (F6), and shares held by the Daryl and Steven Roth Foundation (F7). The filing limits assertions of beneficial ownership where applicable.
- No cash sale or open-market transaction occurred; this was a non‑market transfer (gift).
Context
Gifts are transfers for estate/planning or family purposes and do not necessarily reflect the insider’s view of the stock’s near‑term prospects. This transaction stems from the termination of a previously funded grantor retained annuity trust and internal transfers to family and entities; Mr. Roth continues to have significant reported indirect interests in Vornado through other entities and trusts.
Insider Transaction Report
- Gift
Common Shares
[F1][F2][F3]2026-05-18−26,428→ 0 total(indirect: Held by 2024 GRAT)
- 50,342(indirect: Held by 2025 GRAT)
Common Shares
[F1] - 3,519,032(indirect: By Partnership)
Common Shares
[F1][F4] - 2,749,054(indirect: By LLC)
Common Shares
[F1][F5] - 42,350(indirect: By Spouse)
Common Shares
[F1][F6] - 3,873(indirect: By Foundation)
Common Shares
[F1][F7]
Footnotes (7)
- [F1]Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust.
- [F2]Reflects the number of Common Shares distributed in accordance with the requirements of the grantor retained annuity trust to a family trust of which the reporting person is not a trustee.
- [F3]On May 16, 2024, the reporting person contributed 122,858 Common Shares to a grantor retained annuity trust. Upon termination of the trust on May 18, 2026, 26,428 of the Common Shares were transferred to a trust for the benefit of the reporting person's family. The remaining 96,430 shares were distributed to the reporting person (a portion in May 2025 and a portion on May 18, 2026) and subsequently contributed to another grantor retained annuity trust and to a limited liability company that is managed and controlled solely by the reporting person, and those shares continue to be reported in this Form 4 as indirectly owned.
- [F4]These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these 3,519,032 Common Shares, except to the extent of his pecuniary interest.
- [F5]Held by a limited liability company which is managed and controlled solely by the reporting person and all interests therein are held by the reporting person and his spouse.
- [F6]These Common Shares are held by the reporting persons spouse. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these Common Shares.
- [F7]These Common Shares are held by the Daryl and Steven Roth Foundation, a charitable foundation, over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary interest in these Common Shares.